TRADING UPDATES: Golden Rock secures refinancing; tinyBuild makes sale
4th Apr 2025 19:24
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Golden Rock Global PLC - Hong Kong-based special purpose acquisition company - Says Chair Ross Andrews has stepped down from the board with immediate effect. Director John Croft says: "The board wishes to thank Andrews for his contribution and leadership since the company's original admission to the stock exchange and wishes him success with his other business interests." Read More
Golden Rock Global PLC - Hong Kong-based special purpose acquisition company - Terminates acquisition discussion with 2Mee Ltd. Says due to "difficult market conditions for small companies in general" has been unable to generate sufficient interest from investors regarding transaction. 2Mee is a provider of an influencer messaging application. In addition, Golden Rock adds it will be unable to complete audit of financial results for year ended December 31. As such shares will remain suspended. Says it has "limited options available" barring a short term funding agreement and has entered into "urgent" discussions with shareholders and advisers regarding funding. Says further announcements to be made when board has determined "best course of action". Read More
Golden Rock Global PLC - Hong Kong-based special purpose acquisition company - Updates on progress in respect of its proposed acquisition of 2Mee Ltd, which will be classified as a reverse take over. Explains significant progress has been made in completing the public and supporting documents required for the deal. As a result, hopes to be in position to announce the RTO over the coming months. Consideration to be paid will be less than previously indicated with the implied pre-money valuation for the enlarged group seen in the range of GBP3.8 million to GBP4.2 million. Read More
(Alliance News) - Golden Rock Global PLC on Wednesday said it would be extending the terms of existing convertible loan notes issued to Executive Director Wei Chen. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Golden Rock Global PLC on Thursday said it has signed an initial deal to acquire software firm 2Mee. Read More
Golden Rock Global PLC - special purpose acquisition company - Raises GBP95,000 from placing of 3.8 million new shares by broker Clear Capital Markets Ltd at price of 2.5 pence each. The price is a 23% discount to the stock's market close on Tuesday, before the placing. Golden Rock also issues 5.4 million warrants, each allowing the purchase of one new share at the same price of 2.5p over the next three years. Of these, 3.8 million go to Clear Capital Markets and the rest to directors and advisors. On Wednesday, Golden Rock said it had shortlisted two acquisition targets and expects to move forward with one "in the near future". Either would constitute a reverse takeover. Read More
Golden Rock Global PLC - Jersey-based firm seeking acquisition opportunities in the financial technology sector - Further to announcement in late June that it was in talks about potential acquisitions, says it has been working with a small number of potential acquisition targets and has now shortlisted two of these. Expects to move forward with one of the shortlist targets "in the near future". Notes any acquisition would constitute a reverse takeover, if completed. Adds it still feels the company's current share price continues to undervalue the company and is looking to conclude "any acquisition at a valuation that would represent fairer value to shareholders". Says it will make further announcements in line with regulatory requirements. Read More
(Alliance News) - Golden Rock Global PLC on Wednesday confirmed it is in talks about potential acquisitions, as it responded to a sharp rise in its share price. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Golden Rock Global PLC - Jersey-based firm seeking acquisition opportunities in the fintech sector - Announces it has terminated discussions with BOLT, a blockchain-based media and decentralised finance ecosystem. In November 2021, the company entered non-legally binding heads of terms with the shareholders of BOLT to acquire its entire share capital. Golden Rock acknowledges that this will be a "major disappointment" to its shareholders who have "who have waited for a considerable period whilst the board endeavoured to conclude a satisfactory deal." Says that it has "reluctantly concluded" that a satisfactory deal would not be possible "for reasons unrelated to the company." Consequently, company applies to have the suspension of its shares from trading lifted and its trading recommences on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Correcting pretax loss and total asset figures.) Read More
Golden Rock Global PLC - special purpose acquisition company focused on fintech sector - In 2021, narrows pretax loss to GBP93.3 million from GBP213.6 million the previous year. Total assets at December 31 stand at GBP188.3 million, falling 8.3% from GBP205.3 million. Company reassures that though discussions with Bolt Global, a blockchain-based media and finance ecosystem, are taking longer than expected, they are still "progressing well". The company announced it had signed head of terms to acquire Bolt Global in November 2021. Read More
TRADING UPDATES: 3i Infrastructure opens USD512 million investment Read More
IN BRIEF: Golden Rock Global swings to interim profit Read More
UK shareholder meetings calendar - next 7 days Read More